#TrumpTariffs Trumpโs Tariffs 2025: Global Economic Shake-Up! ๐๐ฅ
President Trumpโs recent tariffs, announced April 2, 2025, slap a 10% baseline on all imports, with up to 50% on countries like China, Japan, and the EU. ๐จ Aimed at fixing trade deficits, theyโve sparked fears of a global trade war. ๐ The IMF slashed growth forecasts to 2.8%, predicting a US recession risk. ๐ฆ Prices for cars, groceries, and tech could soarโ$1,200 more per US household! ๐ฑ Markets plunged, with the S&P 500 down 5%. ๐ฃ Retaliatory tariffs from China and Canada threaten supply chains. Will negotiations ease the storm, or is stagflation looming? โ๏ธ๐ธ Stay tuned!